FED’S BARR SIGNALS MORE RATE HIKES AHEAD Fed Governor Michael Barr says further rate hikes will likely be needed to bring inflation back to target after last week’s 25bp increase. Barr said the Fed had been “out of position” before the latest hike. The Fed’s dot plot reinforces the hawkish message: 16 of 18 officials expect at least one more hike in 2026, with four projecting two.(彭博社)